BoG to open digital credit licence applications from November 3
By Praisebell Rosemond Larbi
The Second Deputy Governor of the Bank of Ghana (BoG), Matilda Asante-Asiedu, has announced a series of regulatory initiatives aimed at strengthening financial innovation and aligning the country’s regulatory framework with rapid technological developments in the fintech industry.
Speaking at the MoMo Fintech Stakeholders Forum in Accra on Wednesday, 15 October, Mrs Asante-Asiedu revealed that the central bank will, from 3 November 2025, begin receiving applications for digital credit, marking a major step towards operationalising Ghana’s Digital Credit Directive.
She said the move forms part of broader efforts by the BoG to promote responsible innovation, enhance consumer protection, and build public trust in the digital financial ecosystem.
“In the near term, what we intend to do is to operationalise the Digital Credit Directive and roll out our virtual assets licensing regime, while expanding financial literacy and redress mechanisms across the country,” Mrs Asante-Asiedu stated.
She encouraged fintech companies and financial service providers interested in digital lending to take advantage of the new framework, which seeks to provide clear regulatory guidance for digital credit operations and ensure transparency in the market.
The introduction of the Digital Credit Directive is expected to streamline licensing procedures, promote ethical lending practices, and protect consumers from predatory lending, unauthorised data use, and unfair charges.
According to Mrs Asante-Asiedu, the central bank remains committed to supporting innovation that drives inclusion, efficiency, and resilience within Ghana’s financial system, while ensuring that digital finance evolves within a sound regulatory environment.
“We expect that from 3 November, applications will now be received for digital credit. So, if that is an area you’re interested in, certainly that’s something to take note of,” she added.
